The management is not much optimistic about the near-term outlook as the festive season and upcoming state elections could delay the expected recovery until Nov-24-end, adds the brokerage.
A mason applying cement on a surface. (Source: Freepik)
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.